PRESS RELEASE 14 July 2014
Hospitality Asset Managers Association Grows by 50 Percent in First Half
Adds Two New Affiliates
Officials of the Hospitality Asset Managers Association (“HAMA”) today announced the addition of two affiliate organizations, HAMA Europe and HAMA MEA, adding more than 100 new members to the global organization. Founded in the U.S. in 1992 HAMA also has affiliates in Asia Pacific and Japan.
“Global growth is critical to our mission of enhancing the effectiveness of hospitality asset managers through education, advancement of the profession and serving as the collective industry voice of hospitality ownership,” said Ruby Huang, president of HAMA USA. “By adding affiliates worldwide and supporting the continuing education of our members, we envision an organization that is increasingly influential in advocating for individual hotel owners as they develop and execute hospitality investment strategies worldwide.”
Calling upon the expertise of Michigan State University, HAMA Europe has supported the addition of three hospitality-focused asset management courses offered as part of the MBA program in tourism and hospitality management at MODUL University, Austria’s leading international private university.
Headquartered in Dubai, HAMA MEA hopes to align ownership interests in the rapidly expanding hospitality market.
“We’ve seen the benefits that arise from sharing market insights and innovative work trends in other regions,” said Rene Bell, one of the MEA affiliate’s founding members. “Having the collective resources and knowledge base of hundreds of experienced professionals will surely prove to be a substantial advantage to a young and growing market such as ours.”
HAMA members are involved in asset management, acquisition, financing and disposition of hotels and resorts and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and management selection. Its U.S. members represent more than 3,500 hotels and resorts across every major brand, accounting for 775,000 hotel rooms, 250,000 employees, $40 billion in annual revenue and $3 billion in capital expenditures.